Joseph F. DiRocco, CPA - Director of Finance
Contact the Finance Department
1100 DuPortail Road
Berwyn, PA 19312-1079
Business Number: 610-644-1400
Fax Number: 610-699-1213
Office Hours: Monday - Friday, 8 am to 4:30 pm
Aaa Credit Rating
As of February 1, 2002, Tredyffrin Township was the second township in the Commonwealth of Pennsylvania to ever be assigned a Aaa grade rating by Moody's Investors Service. The Aaa rating is the highest of all Moody's bond ratings.
This rating was based on Moody's assessment of the Township's ability to meet its financial obligations and reflects its strong financial operations, tax base growth, high wealth levels and moderate debt burden. Moody's expects the Township's financial operations to remain very strong.
The Township's last credit rating was in 2011. Moody's reaffirmed Tredyffrin's Aaa rating.
The Aaa rating helps the Township achieve lower interest rates on bond issues for such purposes as highway construction, park acquisitions, and other infrastructure expenditures. It equates to a savings of approximately five basis points (.05 percent) over the term of a 25-year bond issue.
- Real Estate Property Tax
- Real Estate Transfer Taxes: The tax is paid when property is sold:
|Tredyffrin- Easttown School District||0.5%|
|Commonwealth of Pennsylvania||1.0%|
|Total Transfer Tax||2.5%|
- Local Services Tax
- Other Taxes: Mechanical Amusement Devices: $200.00 per device annually
- Fees: Sewer Utility and fees for permits, recreation programs, and other services
- Other Revenue: Other Township income derives fee from State and County funds, fees for services, fines and penalties, some miscellaneous income and the cash balance remaining from the previous year. Major debts for capital expenditure are financed through the sale of bonds or other forms of borrowing.
Elected Auditor: The Elected Auditor serves for a 4-year term beginning on the first Monday of January following the year in which he/she is elected. The Elected Auditor must be a resident of the Township and must be qualified by education, training, or experience in accounting or financial management to perform the duties of the office. The current Township Auditor is Bryan Humbarger. His role is to provide oversight to the annual independent audit process by: Meeting with the outside auditors at the beginning phase of the audit to discuss procedures and any concerns the outside auditors have; Receiving and reviewing copies of the audit reports and associated letters; and Attending an audit exit interview with the Board Of Supervisors to discuss the results of the audits and provide comment on how well it went and any issues.
Appointed Auditor: Barbacane Thornton & Company, LLP is the appointed independent public accounting firm that conducts the Township’s annual audit of financial accounts, records and procedures.